April 2018 issue

Francoise Devenoges is a portfolio manager at Man GLG, the discretionary investment management business of Man Group, where she is responsible for co-managing and developing the European CLO platform. She discusses her views on the state of Europe’s CLO market

With fund managers citing loose deal structures – while pointing the finger elsewhere – what steps can LPs take to confidently assess the winners and losers? Raelan Lambert of Pavilion Alternatives Group provides some key tips

The sponsorless market is growing, but demands a level of engagement with borrowers that has traditionally been the preserve of private equity sponsors. Jon Herbert of Beechbrook Capital explores the opportunities and challenges

If a dozen private equity firms are vying for a given widget maker in an auction process, chances are there are a dozen different opinions about what an optimal capital structure and financing package might look like. Given that backdrop, direct lenders have a better shot at winning deals with a suite of debt products, says Twin Brook Capital Partners partner Rich Christensen